โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $1.19 (Est. $1.09) โ
โข Revenue: $898.2M (Est. $877.60M) โ , +25% YoY.
โข ARR: $3.77B, +25% YoY, with $246M of net new ARR.
โข Adj. Operating Income: $218.4M, +37% YoY, with a record 24% operating margin.
โข Free Cash Flow: $60.8M, down from $171.9M a year ago, reflecting higher capex and internal-use software investment.
โข Deferred Revenue: $2.93B, +19% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q1 FY2027 Revenue: $935Mโ$939M (Est. $926.12M) โ
โข Q1 FY2027 Adj. EPS: $1.15โ$1.16 (Est. $1.08) โ
โข FY2027 Revenue: $3.908Bโ$3.938B (Est. $3.90B) โ
โข FY2027 Adj. EPS: $4.86โ$4.90 (Est. $4.60) โ
โข FY2027 ARR: $4.396Bโ$4.426B, +16.6% to +17.4%.
โข FY2027 Free Cash Flow Margin: 23.0%โ23.5%.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Revenue and ARR both grew 25% YoY, while net new ARR increased 24% and Adj. operating margin reached a record 24%.
โข Q4 revenue and Adj. EPS both exceeded consensus, while Q1 revenue and EPS guidance also came in above expectations.
โข FY2027 revenue and Adj. EPS guidance topped consensus, with the EPS outlook particularly strong at $4.86โ$4.90 versus $4.60 expected.
โข Growth is broadening beyond user-based products, supported by non-seat-based solutions, Z-Flex momentum and record large-deal activity.
โข Zscaler highlighted AI as a major growth opportunity across Zero Trust SASE, Agentic SecOps, Data Security and Security for AI.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โAI represents one of the most significant opportunities in Zscaler's history.โ